Loan fo buy an in-calf cow

Entrepreneur

About Me

My name is Jacinta Nyagititu. Born and went to school in Kiambu County. I come from a family of 5 where I am the last born. We were born twins but sadly my twin sister passed on at an early age. I am a mother of two girls. I did my primary and secondary education then went to Mombasa to stay with my sister. While in Mombasa, I did a course in computer applications and hair dressing later started my own business.

I got married shortly thereafter but unfortunately my marriage didn't work. My husband was very abusive and we separated after two years of marriage. I had closed my business when I got married so that I take care of the family. It proved very difficult to revive the business after the separation due to emotional stress and lack of capital.

I decided to go back home to my parents and start re-building my life from there. Luckily, my mother accepted me back to her home and she helped me start a small kiosk from where I sell household items such as sugar, cooking oil etc. I am planning to start livestock keeping by buying one cow so as to supplement my income because the demands from my family keep increasing.

My Business

As stated above I run a kiosk where I sell small household items. I have erected the kiosk in our compound and which is a big advantage since I don't pay rent. I buy my items from wholesalers and then sell them as a retailer.

I make a modest profit of about $100 per month and I use this money for my children's education and other basic needs. However, as my family grows (I also support my aging mother) I need more income than what I am getting.

My parents own a piece of land which I feel if well utilized can be more productive and even support livestock keeping. My immediate plan is buy a mature in-calf cow. This will guarantee me a regular income after some few months which will go a long way in changing my family's life.

I have decided to settle here in the rural area since I found urban life to be too hectic.

Loan Proposal

If given this loan, I will be able to buy and in-calf cow. There is a ranching scheme near my home which sells cows which are six months pregnant at about $200. This loan and my savings will be sufficient for this project.

I have a very clear plan of how this will work out and I already have my mother's blessings for the project. With the income I get from the kiosk, I will be able to service the loan on weekly basis and when I start selling milk from the cow (hopefully), after 3 months) I will adjust the my payments upwards. I also intend to sell manure from the cow to many farmers in my area who have embraced organic farming.

With my plan I believe I am going to succeed and I appeal to you lenders to be part of this success.

Thank you.

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